NEWS

George Mireku Duker, the Deputy Minister for Lands and Natural Resources in charge of Mining, has entrusted the Management and Staff of the Volta Aluminium Company (VALCO) with the task of ensuring the total transformation of the company to enable it assume a strategic position in government’s plans for the integrated aluminium industry which hinges on value addition. The Deputy ...

The National Food Suppliers Association (NAFSA) has acknowledged receipt of part payment of the 2022 arrears owed its members. The association also says its members are expecting to receive the balance of their arrears on Thursday, 17 August 2023, as promised by Agriculture Minister Brian Acheapong. A statement issued by the association, signed by its Spokesperson Kwaku Amedume, commended the ...

Founding President of IMANI-Africa Franklin Cudjoe says the Governor of the Bank of Ghana and his two deputies should not only be asked to resign but also forced to refund part of the monies lost as a result of mismanagement. He believes this will be a good precedent for future officials of the Central Bank. On Tuesday, August 8, Minority ...

The Dean of the Business School of the University of Cape Coast (UCC), Professor John Gatsi, has challenged Bank of Ghana’s assertion that the Domestic Debt Exchange Programme (DDEP) affected its books in the year 2022. The Central Bank incurred a loss of GH¢60.8 billion in 2022 and blamed the Programme for the loss. Speaking at the launch of GCB ...

The Ashanti Regional Secretariat of the main opposition National Democratic Congress (NDC) has refuted claims that it has sacked its Women’s Organiser for Kumawu for allegedly declaring her support for governing New Patriotic Party’s (NPP) flagbearer aspirant Alan Kyerematen. “I wish to by this statement debunk the publication and put on record that no such declaration has been made by ...

Leaders of Niger’s ruling military junta say they can’t accept a high-level diplomatic visit because there’d be a risk to the visitors’ security. Delegates from the regional grouping Ecowas, the African Union and the United Nations had been due to fly in today. But the coup leaders told Ecowas that sanctions and the threat of invasion from the bloc had ...

The Bank of Ghana (BoG) intentionally compromised its independence and sold its birthright to the government by exposing itself too much to provide financial assistance to the central government, a Professor at the University of Ghana Business School, Godfred Bokpin, has said. Prof Bokpin attributed the current financial difficulties that the central banks is facing to the over-exposure to the ...

The Bank of Ghana’s “staggering” loss of GHS60.8 billion, per the Auditor-General’s 2022 report, which is equivalent to $6 billion, the main opposition National Democratic Congress has computed. “This is twice the amount [$3 billion] we are to receive from our recent IMF bailout”, Minority Leader Dr Cassiel Ato Forson told journalists on Tuesday, 8 August 2023 at the party’s ...

Zoom, the video communications company whose name became synonymous with remote work during the pandemic, has ordered staff back to the office. The firm said it believed a “structured hybrid approach” was most effective and people living within 50 miles (80km) of an office should work in person at least twice a week. It is the latest push by a ...

Gold mining company AngloGold Ashanti has advised its shareholders to expect a considerable decrease in earnings for the six months ended June 30. The company, which is set to publish its interim results on August 4, expects to report an 82% to 92% year-on-year decrease in basic earnings, compared with the $298-million reported for the first half of 2022. Similarly, ...